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Daily Archives: December 1, 2011

BIS – The internal audit function in banks – consultative document, December 2011

The internal audit function in banks – consultative document, December 2011

  • “The Basel Committee on Banking Supervision is issuing this revised supervisory guidance for assessing the effectiveness of the internal audit function in banks, which forms part of the Committee’s ongoing efforts to address bank supervisory issues and enhance supervision through guidance that encourages sound practices within banks. The document replaces the 2001 document Internal audit in banks and the supervisor’s relationship with auditors. It takes into account developments in supervisory practices and in banking organisations and incorporates lessons drawn from the recent financial crisis. The document builds on the Committee’s Principles for Enhancing Corporate Governance which require banks to have an internal audit function with sufficient authority, stature, independence, resources and access to the board of directors. Independent, competent and qualified internal auditors are vital to sound corporate governance.”
  • International Journal of Central Banking, December 2011 issue

    International Journal of Central Banking (IJCB), December 2011 issue – Cover and Contents Introduction, by Douglas Gale, Rafael Repullo, and Frank Smets A Pigovian Approach to Liquidity Regulation, by Enrico Perotti and Javier Suarez Macroeconomic Propagation under Different Regulatory Regimes: Evidence from an Estimated DSGE Model for the Euro Area, by Matthieu Darracq Pariès, Christoffer… Continue Reading

    Federal-State Partnership Helps Water Managers Plan for Climate Change

    News release: “The California Department of Water Resources, U.S. Environmental Protection Agency, Resources Legacy Fund, and U.S. Army Corps of Engineers today released a publication to assist water resource managers. The Climate Change Handbook for Regional Water Planning provides resources and tools to guide water resource managers and planners as they adapt and navigate the… Continue Reading

    New GAO Reports: Coast Guard Arctic Requirements, FHA, Foster Children, Ginnie Mae

    Coast Guard: Observations on Arctic Requirements, Icebreakers, and Coordination with Stakeholders, GAO-12-254T, Dec 1, 2011 Federal Housing Administration: Risks to the Mutual Mortgage Insurance Fund and the Agency’s Operations, GAO-12-277T, Dec 1, 2011 Foster Children: HHS Guidance Could Help States Improve Oversight of Psychotropic Prescriptions, GAO-12-270T, Dec 1, 2011 Ginnie Mae: Risk Management and Cost… Continue Reading

    Report of the Secretary of the Senate – receipts and expenditures of the Senate

    “The Legislative Branch Appropriations Act 2010 (P.L. No. 111-68) amended 2 U.S.C. 104(a), to require the posting of the semiannual report of the Secretary of the Senate on the Senate Web site. Since 1823, the Secretary of the Senate has published the semiannual statements covering the periods from October 1st to March 31st and April… Continue Reading

    Mobile telephones and other communication devices and their impact on traffic safety – A review of the literature

    Follow up to postings on driving distractions and texting, this new report, Mobile telephones and other communication devices and their impact on traffic safety – A review of the literature, November 2011, commissioned by the Swedish Government. See also: “U.S. Transportation Secretary Ray LaHood announced a final rule specifically prohibiting interstate truck and bus drivers… Continue Reading

    BJS: Identity Theft Reported by Households, 2005-2010

    Identity Theft Reported by Households, 2005-2010: “Presents data on the nature of and trends in identity theft victimization among U.S. households from the National Crime Victimization Survey (NCVS). The NCVS defines identity theft as the misuse or attempted misuse of an existing credit card or another existing account or the misuse of personal information to… Continue Reading

    The Potential Consequences of Public Release of Food Safety and Inspection Service Establishment-Specific Data

    “A new report from the National Research Council, The Potential Consequences of Public Release of Food Safety and Inspection Service Establishment-Specific Data [focuses on how the] release of such data could contribute to increased transparency and yield valuable insights that go beyond the regulatory uses for which the data are collected. The U.S. Department of… Continue Reading